Gold
Gold production in Ghana has increased marginally from 3.7 ounces in 2022 to 4 million ounces, according to figures from the Ghana Chamber of Mines.
Mineral export receipts increased from US$6.8 billion in 2022 to US$7.8 billion in 2023, with gold contributing US$7.6 billion.
Bauxite and diamond revenues also saw significant increases, while manganese export proceeds declined slightly.
The Chamber is projecting gold production for 2024 will hit between 4.3 million and 4.5 million ounces.
President of the Ghana Chamber of Mines Michael Edem Akafia revealed this at the 96th Annual General Meeting of the Chamber on Friday (7 June ) said its members realized US$5.9 billion in mineral revenue in 2023, repatriating US$4.2 billion to Ghana.
“Ghana saw an increase in the production and export of traditional minerals, except manganese. Gold production rose from 3.7 million ounces in 2022 to four million ounces in 2023, an 8.3% increase, driven by the expansion of small-scale mining.”
“However, large-scale gold production declined from 3.1 million ounces in 2022 to 2.9 million ounces in 2023. Small-scale production saw a significant increase of 70.6%, from 0.66 million ounces to 1.1 million ounces,” he said.
Reporting by Fred Dzakpata in Accra
